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Alberta Corporate Tax Act special notice Vol. 5 No. 55 : film and television tax credit

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As announced in Budget 2019, the Government of Alberta’s continuing support of the film industry is moving from grant-based support to a tax credit program. The Film and Television Tax Credit Act... More ≫

Description

As announced in Budget 2019, the Government of Alberta’s continuing support of the film industry is moving from grant-based support to a tax credit program. The Film and Television Tax Credit Act (FTTC Act) was enacted as part of the Fiscal Measures and Taxation Act, 2019, which was proclaimed in force effective January 28, 2020. The FTTC Act established the Film and Television Tax Credit (FTTC), a new refundable tax credit for corporations. Sections 26.94 has been added to the Alberta Corporate Tax Act (ACTA) in order to implement the FTTC. The former Screen-based Production Grant is now closed.

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